Cash budget and material budget are prepared for a particular period of time. Once the period is over, the budget does not have any value. Hence these are called short term budget.
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Q1
Short answer type questions: Distinguish between Revenue Expenditure and Capital Expenditure in a government budget. Give examples.
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Q2
A short term cash budget does not exhibit ______________.
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Q3
What is the difference between "vote-on-account" and "interim budget"? 1. The provision of a "vote-on-account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government. 2. A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?
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Q4
Treating a revenue expense as a capital expenditure is an example of __________.